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Read about the PureSave account

If you’re looking for a bank account that does more than just hold your money, the PureSave Account from Standard Bank might be exactly what you need. It’s designed for everyday use, but it also rewards you for simply keeping your balance positive. Whether you’re sending money, buying electricity, or saving for a rainy day, this account combines daily convenience with steady interest.

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PureSave

Last updated: May 28, 2025
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Interest Rate

Balances R100,000 and above 5.05% (Nominal).

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Access to funds

Access your money anytime without penalties.

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Opening Deposit

Free ATM cash deposits of up to R3,000 per month..

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Monthly Fees

No monthly management fee.

Tax Implications

Interest earned from your PureSave Account is taxable if it exceeds the annual tax-free savings thresholds set by SARS. As of the latest guidelines, South African residents under the age of 65 can earn up to R23,800 in interest tax-free annually. Those over 65 have a threshold of R34,500.

Read More

Read about the PureSave account

If you’re looking for a bank account that does more than just hold your money, the PureSave Account from Standard Bank might be exactly what you need. It’s designed for everyday use, but it also rewards you for simply keeping your balance positive. Whether you’re sending money, buying electricity, or saving for a rainy day, this account combines daily convenience with steady interest.

Read More

What you need to apply

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South African Citizens

  1. Opening deposit of R0.00
  2. Your South African ID
  3. Proof of residence
    (not older than three months)
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Non-South African Citizens

  1. Opening deposit of R0.00
  2. Valid Passport
  3. Proof of residence
    (not older than three months)
  4. Work/Resident permit
how_to_reg

Ways to apply

You can apply now on Buti.co.za, or alternatively, visit the bank’s website to apply through their platforms.

Savings Calculator



Interest Earned: R0.00

Total Savings: R0.00

What you need to apply

badge

South African Citizens

  1. Opening deposit of R0.00
  2. Your South African ID
  3. Proof of residence
    (not older than three months)
public

Non-South African Citizens

  1. Opening deposit of R0.00
  2. Valid Passport
  3. Proof of residence
    (not older than three months)
  4. Work/Resident permit
how_to_reg

Ways to apply

You can apply now on Buti.co.za, or alternatively, visit the bank’s website to apply through their platforms.